Wednesday, March 11, 2020 - 11:26am

SubPrime Auto Finance News Staff

After sharpening the solution for nearly a year, PAR North America is ready to broaden the availability of a service aimed at enhancing the wholesaling of repossessed vehicles. The KAR Global business unit on Tuesday announced the expansion of its PAR Repo 360 Advantage service. Finance companies using this... Read More

Wednesday, March 11, 2020 - 11:23am

SubPrime Auto Finance News Staff

White Clarke Group and Solutions by Text are now working together to provide a fast, more convenient means of regular communication among finance companies, dealerships and their customers. This week, the finance technology company and the automated SMS software provider announced an integration partnership; one they... Read More

Wednesday, March 11, 2020 - 11:18am

SubPrime Auto Finance News Staff

The Consumer Financial Protection Bureau explained how it potentially could be quite monetarily worthwhile for someone to be a whistleblower. In fact, it could be as much as $10 million worthwhile in funds from the company found guilty of infractions as it relates to fair-lending violations. As a part of a three-part... Read More

Tuesday, March 10, 2020 - 10:57am

SubPrime Auto Finance News Staff

  Along with reviewing some of its 2019 metrics connected with the subprime auto asset-backed securities market, Fitch Ratings shared the five factors that analysts anticipate to have an impact throughout the securitization market this year. Analysts described these five factors as a part of its latest report titled, Auto... Read More

Monday, March 9, 2020 - 12:47pm

SubPrime Auto Finance News Staff

Officials from 700Credit recently finalized another alliance to make their credit reports, compliance solutions and consumer pre-qualification products available to more dealerships. The latest relationship is with Advent Resources, which offers Advent DMS, a cloud-based platform for dealers. The companies noted this... Read More

Monday, March 9, 2020 - 12:44pm

SubPrime Auto Finance News Staff

Our podcast episodes originating from last month’s automotive festivities in Las Vegas continue with a conversation featuring Cheryl Miller and Kaitlin Gavin of Dealertrack. During the Vehicle Finance Conference hosted by the American Financial Services Association, Miller and Gavin shared an update about how the... Read More

Friday, March 6, 2020 - 10:45am

SubPrime Auto Finance News Staff

Open Lending recently added a pair of new executives, who combine to possess more than 30 years of industry experience. The provider analytics, risk-based pricing and automated decision technology for credit unions and other auto finance companies hired Brice Beard as vice president of captives and finance and Alan... Read More

Thursday, March 5, 2020 - 10:16am

SubPrime Auto Finance News Staff

  S&P Global Ratings indicated the U.S. auto loan asset-backed securities (ABS) market remained “healthy” last year and started 2020 on “solid ground.” But a separate report from Kroll Bond Rating Agency (KBRA) showed auto loan ABS credit performance softened in January, as net losses and... Read More